Saturday, August 1, 2015

Portfolio Update - July 2015

The month of July is now behind us. The major issue of the month continues  to be the low price per barrel of crude oil. A few days ago, as reported on BNN,  it appears that OPEC will not be cutting production for the foreseeable future.  This will mean the price of oil will remain low until the supply dwindles.

    I was not active in the accounts this month very much. I initiated an options trade on July 14 by purchasing call options in  Toronto Dominion Bank (TD) on a Canadian Exchange. I closed this trade rather quickly on July 16 as my limit order was filled. I own 100 shares of TD in my margin account which I purchased months ago.

    The other activity in my account was the purchase of Bank Of Montreal shares. I purchased 35 shares at $72.20, which you can read about here. The Bank of Montreal is one of the five BIG banks in Canada. I did not have enough cash on hand, so I used some margin to make the purchase possible.

   I still own shares in Sherritt International as the stock price has fallen below my purchase price.  With the state of China and low price of Nickel, this placed fears in a lot of investors.

  I did acquire more shares through DRIPs.

Shares added due to drip

2 shares of ERF @ $10.33 for a total of $20.66
1 share of KMP @ $10.27 for a total of  $10.27

      On July 29, Scotia Bank paid a dividend. I hold my BNS shares directly with the transfer agent. The entire dividend gets reinvested.  I received the dividend  but I do not know how many shares are acquired or the dividend re-investment price. This usually takes 3 to 7 days to show up in the account.

As of  August 1, 2015, the value of my portfolio stands at $79266.82. This is an increase of  0.40 % over last month. I will update my investing account tab above.

Disclosure: Long KMP,  ERF, TD,  BNS,  BMO

I am not a financial planner, financial advisor, accountant or tax attorney. The information on this blog represents my own thoughts and opinions and should be NOT taken as investment or business advice.

Every individual should do their due diligence to make their own financial decisions based on their financial situation and tolerance for risk


  1. Keep it up IP. Slow and Steady will win this race. Your focus is your reality. You're logging your progress and keeping track. These positive habits will only make you more wealthy over time. I know it.
    Thank you for sharing and always a pleasure to travel this journey with you. You take care bud.

    1. Dividend Hustler,

      Thanks for dropping by. I am glad I woke up one morning in 2010 and said "I do not want to live like this anymore". That was the day I started to invest and change how I spend money. I have been following the pay yourself first principle ever since.

  2. Keep up the good work man. Slow and steady definitely wins the game.

    1. Tawcan,

      Thanks for dropping by. In the past couple of months I have bought BMO, CNR, and QSR. CNR and QSR have increased alot recently.